-TheWire.in While the dam breach in Madhya Pradesh's Karam river is a recent example of poor construction quality, the politician-contractor-engineer nexus in these projects has long been known. In his eighth Independence Day speech from the ramparts of the Red Fort on August 15, 2022, Indian Prime Minister Narendra Modi underlined the need to fight against corruption and nepotism. Highlighting the steps his government has taken to check corruption, Modi said: “In the...
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Bank credit growth accelerates to 14.2% in June quarter
-PTI/ The Hindu RBI says credit growth has been broad-based, outpacing deposit growth Bank credit growth accelerated to 14.2% in the quarter ended June 2022 from 6% in the same period of the previous year, RBI data showed on Thursday. In the quarter ended March 2022, bank credit had expanded by 10.8%. The Reserve Bank of India (RBI) on Thursday released the 'Quarterly Statistics on Deposits and Credit of SCBs for June 2022'. This...
More »Public sector Banks have ensured financial inclusion, finds a new empirical study
Are public sector Banks (PSBs) important for the economy? Have the PSBs served the purpose for which they were created? Could the PSBs compete efficiently against the private sector Banks (PVBs)? These are some of the questions, which have been answered by a chapter in the RBI Bulletin's August edition. Efficiency of PSBs Co-authored by Snehal S Herwadkar, Sonali Goel, and Rishuka Bansal (2022) of the Banking Research Division, Reserve Bank of...
More »World Bank's New Warning On Sri Lanka Amid Severe Food Price Inflation
-Asian News International/ NDTV.com Sri Lanka Economic Crisis: This comes as food price inflation remains at a multiyear high in South Asian countries including Pakistan. Colombo: Sri Lanka is ranked fifth among the 10 countries with the highest food price inflation in the world, according to the latest World Bank assessment. In its Food Security update, the World Bank said trade policy actions on food and fertilizers have surged since the beginning of...
More »The Jute Press -Chandrima S Bhattacharya
-The Telegraph After decades, Bengal’s jute mills are witnessing a steady influx of women workers, The Telegraph on the troubles woven into the trend When an industry opens its doors to women workers, it can expose how regressive its factory floor is. The face of the jute industry in Bengal has changed over the last 50 years; now more than ever because of the large presence of women. Once these mills were known...
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